Standing Committee on Company Law Reform publishes 2025-26 annual report
The Standing Committee on Company Law Reform (SCCLR) today (October 30) published its 2025-26 annual report.
During the reporting period, the Government consulted the SCCLR on the legislative proposal to remove the exemption permitting mixed media offers. In addition, the Government briefed the SCCLR on the uncertificated securities market regime, and the company re-domiciliation regime so as to facilitate members' understanding of relevant details and latest developments.
"Over the years, the SCCLR has been our important partner in working side by side to modernise company law to keep abreast of the times. We sincerely appreciate the invaluable advice provided by the SCCLR during the reporting period, and look forward to continuing to work with the SCCLR to further consolidate Hong Kong's status as an international commercial and financial centre," a Government spokesperson said.
The SCCLR was set up in 1984. It advises the Financial Secretary on amendments to the Companies Ordinance and the Companies (Winding Up and Miscellaneous Provisions) Ordinance, as well as amendments to the Securities and Futures Ordinance on matters relating to corporate governance and shareholders' protection, as and when necessary.
The Chairman of the SCCLR is Mr Johnny Mok, SC. Members include practitioners from relevant professions including the legal, accountancy, and company secretarial fields; academics; individuals from the business community; and representatives from relevant government departments and financial regulators.
Photo source: reference image
The 2025-26 annual report of the SCCLR is available on the website of the Companies Registry (www.cr.gov.hk) for public inspection.
SFST leads financial regulators for meeting with Shanghai counterparts to strengthen financial co-operation
The 10th Working Meeting of Hong Kong-Shanghai Financial Co-operation was held in Shanghai today (October 30). Representatives from government departments, financial regulators and exchanges of the two places discussed ways to strengthen financial co-operation between Hong Kong and Shanghai.
The Secretary for Financial Services and the Treasury of the Government of the Hong Kong Special Administrative Region, Mr Christopher Hui, and the Director-General of the Shanghai Office for Advancing International Financial Center Development, Mr Li Junjie, introduced the market overview and the latest developments of the financial services sectors of the two places respectively at the meeting. Representatives of both sides discussed issues of mutual concern, including strengthening co-operation and connectivity between the two financial markets; enhancing business co-operation in cross-boundary Renminbi business, commodities, gold and futures markets, as well as insurance; and deepening talent exchanges.
Mr Hui said, "Since its establishment, the Hong Kong-Shanghai financial co-operation mechanism has been an important platform for the two places to deepen exchanges and seek mutual development. It is a milestone of profound significance as we convened the 10th working meeting this year. Against the backdrop of the country's accelerated establishment of a new development paradigm, Hong Kong is proactively implementing the key strategies set out in the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030) and the 2026 Policy Address. Both Hong Kong and Shanghai are core financial engines of the country. Today's meeting has mapped out a clear roadmap for the financial development of the two places. I am confident that Hong Kong and Shanghai will continue to complement each other's strengths with a view to enhancing co-operation and connectivity between our financial markets, and rendering all-round support to Mainland enterprises in 'going global'."
Mr Li said at the meeting that Shanghai and Hong Kong are two "locomotives" in the country's building of a financial powerhouse. Under the new landscape, the two places should leverage their respective strengths while creating greater synergy. In recent years, the mutual market access mechanism between the financial markets of Shanghai and Hong Kong has been further enhanced, the complementary effects of the offshore financial strategies of the two places have become more prominent, and the connotation of co-building a financial product and service system has been further expanded. Taking this meeting as an opportunity, Shanghai and Hong Kong will translate the consensus reached at the meeting into concrete co-operation projects, elevating the synergistic financial development of the two places to a new level.
Mr Hui also witnessed the signing of a Memorandum of Understanding (MOU) between the Financial Dispute Resolution Centre of Hong Kong and the Financial Ombudsman Service Shanghai. The MOU aims to promote an alternative dispute resolution mechanism for financial disputes, thereby elevating the level of protection for financial consumers and facilitating the robust development of regional and cross-boundary financial markets.
Upon his arrival in Shanghai yesterday (October 29), Mr Hui met with the new Chairman of the Shanghai Gold Exchange, Mr Guo Dayong. He also had a short meeting with the Director of the Shanghai State-owned Assets Supervision and Administration Commission, Mr Zhou Xiaoquan.
Furthermore, he attended and delivered a speech at the "Hong Kong-Shanghai Connection, Assisting Enterprises to Navigate the World - 2026 Hong Kong-Shanghai Co-operation Exchange Forum and Symposium on Serving Chinese Enterprises in Going Global" hosted by the Shanghai Pudong Development Bank, where he engaged in detailed exchanges with representatives of about 20 Shanghai enterprises.
The Permanent Secretary for Financial Services and the Treasury (Financial Services), Mrs Angelina Cheung, also joined the visit. Mr Hui returned to Hong Kong this afternoon.
SFST leads financial regulators for meeting with Shanghai counterparts to strengthen financial co-operation Source: HKSAR Government Press Releases
SFST leads financial regulators for meeting with Shanghai counterparts to strengthen financial co-operation Source: HKSAR Government Press Releases
SFST leads financial regulators for meeting with Shanghai counterparts to strengthen financial co-operation Source: HKSAR Government Press Releases
SFST leads financial regulators for meeting with Shanghai counterparts to strengthen financial co-operation Source: HKSAR Government Press Releases
SFST leads financial regulators for meeting with Shanghai counterparts to strengthen financial co-operation Source: HKSAR Government Press Releases
SFST leads financial regulators for meeting with Shanghai counterparts to strengthen financial co-operation Source: HKSAR Government Press Releases
SFST leads financial regulators for meeting with Shanghai counterparts to strengthen financial co-operation Source: HKSAR Government Press Releases
